Sumeet Bagadia, Executive Director, Choice Broking told Firstpost, "Finally the Nifty has settled its Weekly Option Expiry at 9111 level with more the 363 points and has given close above 9,050-level which is a good sign for the time being, based on which we may see a further upside movement. Moreover, few large cap counters also helped out the Nifty to climb above 9000 level like HDFC, ICICI Bank, HDFC Bank, Reliance, Kotak Bank and Maruti which even settled with good numbers of gain.

"It seems that the Nifty has turned its table in a positive direction after giving a close above 9,000-levels as it was a second attempt but a successful one with enough volume activity. For the time being, downside support comes at 8700 while upside resistance comes at 9300 then 9,600," he said.